“You will not find today any mainstream financial institution willing to provide lines of capital to invest in a new coal-fired power station. It is only a couple of sovereign governments around the world doing that.
“Warning sign number two is China’s own national plans to mothball its coal-fired power stations over time, use them as a reserve capability for the rest of there, as it were, fleet of power generators, which will increasingly become a renewable fleet, and so if you are looking at the trajectory for Australia’s coal exports, purely from a market analysis, leaving aside domestic climate change action in this country, it is all trend lining negative and over time, similarly with gas as well.”
